For Malaysians: LPPSA & SJKP

LPPSA (Lembaga Pembiayaan Perumahan Sektor Awam) –a housing financing body for Malaysia’s public sector, offering affordable, fixed-rate loans to help civil servants buy, build, or improve homes.

1. It is highly beneficial for eligible borrowers due to its low interest rate, long tenure, and full financing option,
2. Limited to government employees and comes with a more bureaucratic approval process.

SJKP (Skim Jaminan Kredit Perumahan) — to assist Malaysians in buying their first home, especially those who:

1. Do not have a fixed income (e.g., gig workers, freelancers, small business owners, farmers, etc.).
2. Cannot meet standard bank loan criteria due to lack of formal income documentation such as payslips or EPF contributions.
3. SJKP acts as a guarantor to banks, reducing the risk for financial institutions and encouraging them to lend to this underserved segment.

Feature	LPPSA (Public Sector)	SJKP (General Public)
Target group	Government employees	First-time homebuyers (including gig workers, self-employed)
Interest/profit rate	Fixed 4% service charge	Varies by bank (market rate, ~3.5%-4.5%)
Maximum financing	RM1.2M	RM500k (SJKP) / RM360k (SJKP MADANI)
Down payment	Up to 100% financing	Typically 90% + fees
Guarantee provider	LPPSA acts as lender itself	SJKP acts as guarantor only
Repayment method	Salary deduction	Standard bank repayment
Insurance requirement	Optional	Required (MRTA/MRTT etc.)

Scheme	Official Application / Info Portal
SJKP (Skim Jaminan Kredit Perumahan)	Syarikat Jaminan Kredit Perumahan Berhad — official site: sjkp.com.my SJKP+1
LPPSA (Lembaga Pembiayaan Perumahan Sektor Awam)	LPPSA official site: lppsa.gov.my LPPSA Also see LPPSA’s MyFinancing guidelines page: Guideline For Financing Application MyFinancing And the MyGOV portal where public sector employees can apply: Public Sector Home Financing Application Portal via Malaysia.gov.my MyGOV